We give and serve where we live and work—and beyond.

Standing Up For Baltimore

In April of last year, our hometown of Baltimore faced profound challenges. We were saddened by these events, but we are proud to be headquartered here—and of the firm's long history of investing in our historic city.

In response, the firm's Corporate Social Responsibility team and the T. Rowe Price Foundation simultaneously began developing a multiyear strategy to identify new ways to positively impact the Baltimore community as a whole. Initial grants helped meet every day needs and provide services that had been disrupted, such as dispensing prescriptions to residents who relied on affected pharmacies.

T. Rowe Price recently installed one of the largest solar panel arrays in the state of Maryland.
Worker installing solar panels

Given the firm's strong commitment to education and youth development, the Foundation also immediately directed funds to Baltimore City summer youth programs focused on providing skill building and enrichment activities in a safe and positive environment for the youngest members of our community. Funding for intermediate- and longer-term opportunities led to the firm's sponsorship of a school uniform drive and construction of playground facilities.

The T. Rowe Price Foundation has approved $1.4 million to support rebuilding and educational enrichment initiatives through 2018. Foundation trustees continue to meet with community and city leaders—as well as international thought leaders on poverty and inequality, cities and unrest—to learn more about the role of philanthropy in addressing such needs, inform future planning, and maximize the impact of our community investments.

Solar Panels

Looking to the Sun for Renewable Energy

T. Rowe Price is committed to operating in an environmentally sustainable manner wherever our associates work on behalf of our clients.

The installation of a solar energy system at our Owings Mills Corporate Campus in suburban Maryland this past fall is our latest advance in conducting business in ways that minimize our environmental impact. More than 7,000 photovoltaic panels installed atop parking structures adjacent to our offices represent one of the largest solar panel installations in the state. The installation also will reduce the firm's carbon footprint by the equivalent of taking 300 automobiles off the road for a year.

"People take pride in working for a firm that is environmentally conscious," says Brian Dean, head of Facilities Management. "Embracing solar power as an energy source helps us attract and retain individuals who share our values and commitment to sustainability."

Chief Financial Officer Ken Moreland adds, "As we continue to look at ways to reduce our carbon footprint, we'll evaluate—does it make good business sense and does it make good sense for the environment? If we can find the intersection of those initiatives as new technologies come to market, we'll be committed to implementing those at T. Rowe Price."

Taking an Interactive Approach to Financial Education

Our annual Parents, Kids, and Money Survey found that both parents and kids consider games an effective way to teach new concepts. Last spring, T. Rowe Price launched the Star Banks Adventure® app, a new online game and mobile app that teaches kids important investing concepts while they interact in a fun and engaging "intergalactic" battle.

"At the same time that players are trying to 'save the galaxy,' they're learning to set financial goals, save, and spend wisely—they even develop a beginning understanding of inflation, asset allocation, and diversification," says Renee Christoff, head of Corporate Social Responsibility.

The Star Banks Adventure® app is just one element of our Money Confident Kids® program, a broader effort to bolster financial education at an early age that also includes partnerships with Scholastic, Inc. and Junior Achievement. The T. Rowe Price Parents, Kids, and Money Survey strives to promote good financial habits by asking parents and children for their opinions on money matters each year.

Promoting Reading and Gender Equality in Education

Each year, the T. Rowe Price Foundation makes a gift to benefit children and youth on behalf of the firm's clients. The 2015 holiday gift is being used to support education and reading through the auspices of Room to Read, a global organization dedicated to transforming the lives of children in low-income countries through their focus on literacy and gender equality in education.

Our commitment to creating stronger communities is fueled by the same sense of responsibility we feel to our clients, associates, and stockholders. We are privileged to have the opportunity to serve, grow, and reward.